Trade deficits

Robert Samuelson discusses The Global Savings Glut.

Like others, Bernanke warns that these trade imbalances -- our huge deficits, their huge surpluses -- seem dangerous. His contribution is to show that their main causes lie outside the United States. To say a country has surplus saving is simply another way of saying that it lacks good investment opportunities at home or discourages its citizens from consuming.

Me? I run a huge trade deficit with King Soopers! The solution may well be something I talked about a few days ago. HT Jane Galt